On the same day that the Obama Administration’s Home Affordable Foreclosure Alternatives (HAFA) Short Sale program took effect, RE/MAX University produced a special live broadcast from its headquarters in Denver. The program presented key industry leaders who detailed the new short sale policies directed at helping millions of American families facing foreclosure.
via RISMedia.
I believe that all members of the NAR have a debt of gratitude to the NAR. Not just for the MLS either! This includes all the various people who do nothing but find fault with whatever the NAR is doing – they do too. I don’t know if what we have was by design or if there was a really really bright man or woman on some committee back in the day who realized the future impact of what they were doing or it was just a series of lucky breaks. Either way, they did good.
via Read More .
The Secretary of the Department of Regulation and Licensing explains the process used to update the new WB-11 Residential Offer to Purchase form and how the form protects and informs participants in residential real estate transactions.
They say a new federal rule to speed up short sales will increase banks' reliance on broker price opinions — cheaper, quicker and unregulated home valuations that some argue could lead to an emerging type of mortgage fraud called “flopping”
via MiamiHerald.com.
The National Association of Realtors spent $5.6 million lobbying the federal government in the 2009 fourth quarter as it pressed for measures to aid the hobbled housing market, according to a recent disclosure form.
via StarTribune.com.
As of March 1, real estate licensees are required to use the 2010 WB-11 – residential offer to purchase form, authorized by the Wisconsin Department of Regulation and Licensing. The new form, however, contains substantive drafting errors that might require a recall of the form. Until then, here is some guidance on using the form.
I am continually amazed by what I find under the secret “agent’s” section of the MLS called the “private remarks.” What, you didn’t know that there was a secret “agent’s” section of the MLS? Well, there is, and it is a repository for all kinds of information that, for whatever reason, the listing agent thought the buyer’s agent should know about the property but did not want to reveal to the general public.
